UOB Kay Hian Research Articles
Gas Malaysia: 3Q17: Strong Underlying Gas Volume Drives Earnings
UOBKayHian
Publish date: Fri, 10 Nov 2017, 12:35 PM
UOBKayHian
0 1,987
An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
(GMB MK/HOLD/RM2.75/Target: RM2.90)
The group reported strong 3Q17 core net profit growth of 13% qoq and 11% yoy to RM47.3m. This includes RM11m asset contribution from a customer for piping to customer’s premises (last mile capex). 9M17 core net profit of RM127.7m (+7% yoy) is in line with expectations. The group recorded commendable natural gas volume growth of 10% yoy in 9M17 against a backdrop of healthy economic activity. Maintain HOLD. Target price: RM2.90. Entry price: RM2.50.
Source: UOB Kay Hian Research - 10 Nov 2017
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on UOB Kay Hian Research Articles
IHH Healthcare - 2Q22 Blip as Admissions See An Unequal Recovery
Created by UOBKayHian | Aug 26, 2022
IHH Healthcare - 4Q21 Results Beat Expectations Off Sustained Key Contributions
Created by UOBKayHian | Feb 24, 2022
Top Glove - 1QFY22 Results Weighed by Softened Industry Prospects
Created by UOBKayHian | Dec 13, 2021
Gloves Companies – Malaysia - Glove Manufacturers Deemed Non-Essential Under EMCO
Created by UOBKayHian | Jul 12, 2021
Rubber Gloves – Malaysia - New Coronavirus Sparks Loftier But Justified Valuations
Created by UOBKayHian | Jan 29, 2020
Featured Posts
Don't Miss Out: Up to USD1,000 in Our Lucky Draw!
Apps
Top Articles
1
The Alpha Trader
2
AnimatedMotion
3
THE INVESTMENT APPROACH OF CALVIN TAN
4
Good Articles to Share
5
Good Articles to Share
People are turning to these alternative routes amid strong desire for money: CEO
6
Good Articles to Share
7
Good Articles to Share
Ukraine says Russian shelling targets civilians in Kharkiv region
8
Good Articles to Share
F1 driver Max Verstappen on the departure of his design chief #sports #shorts
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
